LONDON--(BUSINESS WIRE)--UBS Asset Management's Global Real Estate ("GRE") business is pleased
to announce its results in the 2016 GRESB Real Estate and Real Estate
Debt assessments, which measure the sustainability performance of real
estate portfolios worldwide, including property funds and companies. GRE
has continued its strong showing from previous years, with a record
number of GRE funds across the US, Europe and Asia represented in 2016
and top results achieved in every region.

Building further on its 2014 and 2015 successes when GRE secured eight
and nine Green Stars, respectively, 14 of GRE's real estate equity funds
from the US, UK, Germany, Switzerland, Luxembourg and Japan – including
three new entrants this year – have been awarded Green Star status in
the 2016 GRESB Real Estate assessment, reflecting the first year GRE has
achieved such a feat for all of its participating funds.

In addition, seven of these funds, spanning every region and sector GRE
operates in, achieved the highest GRESB rating of 5-stars, reflecting
upper quintile performance compared with the entire universe of
participants, and overall, 13 of GRE's 14 real estate equity funds
achieved a GRESB rating of at least 4-stars.

Most notably, one GRE fund investing in core residential real estate in
Switzerland posted the strongest performance in its sector group (Listed
European Residential), achieving Sector Leader status in its first year
participating in the assessment, and a UK value-add fund investing in
Central London offices again achieved strong performance globally to
become the eighth best performer amongst 733 participants worldwide.

At the same time, GRE's two real estate debt funds in the UK and US
again posted excellent results, with both achieving a GRESB rating of
5-stars, with the UK fund retaining its position at the top of the GRESB
Real Estate Debt assessment and the US fund coming in third.

Thomas Wels, Head of Global Real Estate at UBS AM commented:
"Sustainability is something that we take very seriously at GRE, and it
firmly remains a key consideration for us at the highest levels of our
business worldwide. Our continued success in the GRESB assessments is
testament to our long-standing efforts in this regard and, crucially, to
the efforts of our teams on the ground globally that oversee the
consistent implementation of our Responsible Property Investing
policies. I’m particularly proud of the global nature of GRE’s
participation, demonstrating how important sustainability is in each of
the sectors and markets we operate in, as we aim to coordinate our
market-leading best practices at a truly global level.”

Underpinning GRE's sustainability efforts is GRE's Sustainability
Workgroup, which comprises GRE professionals from several countries and
disciplines, including engineering and construction, operations,
research, asset management, fund as well as business management, and
which has regional representation from the UK, US, Singapore,
Switzerland, Continental Europe, Japan and Australia. Established in
2010, this Workgroup focuses on setting high-level objectives and
targets and maximizing best practice sharing, as some technologies or
policies start in one country and are adapted by other regions, and to
provide implementation guidance. This team approach to sustainability
has played a fundamental role in integrating sustainability into all of
GRE’s investment practises worldwide and has enabled the business to
consistently achieve excellent scores across a range of funds ever since
it first participated in the GRESB assessment in 2011.

A summary of GRE's results for 2016 is shown in the table below.

Fund description

Award

GRESB Rating(1-star = Lower quintile;5-stars =
Upper quintile)

Real estate equity funds

Japan

Core Japanese industrial and infrastructure

Green Star

5-stars

Core Japanese retail

Green Star

4-stars

Core Japanese office

Green Star

4-stars

US

Core US commercial property

Green Star

5-stars

Value add US diversified

Green Star

5-stars

Switzerland

Core Swiss residential

Sector Leader, Green Star

5-stars

Core Swiss diversified (unlisted)

Green Star

4-stars

Core Swiss diversified (listed)

Green Star

3-stars

Germany

Core European office and retail

Green Star

5-stars

Core European office

Green Star

5-stars

Core German logistics

Green Star

4-stars

UK

Value add UK office

Green Star

5-stars

Core UK commercial property

Green Star

4-stars

Luxembourg

Core Eurozone diversified

Green Star

4-stars

Real estate debt funds

UK debt fund

n/a

5-stars

US debt fund

n/a

5-stars

Source: GRESB Real Estate and Real Estate Debt benchmark reports
2016

GRESB

GRESB (formerly known as the Global Real Estate Sustainability
Benchmark) is an investor-driven organization that is transforming the
way it assesses the environmental, social and governance (ESG)
performance of real assets globally, including real estate portfolios
and infrastructure assets. More than 250 members, of which about 60 are
pension funds and their fiduciaries, use the GRESB data in their
investment management and engagement process, with a clear goal to
optimize the risk/return profile of their investments. GRESB has
assessed nearly 1,100 property companies and funds, on behalf of close
to 60 institutional investors. GRESB is an independent organization not
connected to UBS Asset Management's GRE business area.

This year's GRESB Real Estate assessment was completed by 759
real estate companies and funds/portfolios (733 excluding developers)
across 63 countries worldwide, representing a total property value of
USD 2.8 trillion and 66,000 individual property assets under management.
GRESB Real Estate collects information regarding the sustainability
performance of property companies and funds, including information on
performance data, such as energy, GHG emissions, water and waste. The
assessment also covers broader sustainability issues, such as
sustainability risk assessments, performance improvement programs, and
engagement with employees, tenants, suppliers and the community.

Starting in 2015, GRESB began gathering information regarding the
sustainability performance of companies and funds specialising in real
estate debt. The GRESB Real Estate Debt assessmentis
specifically tailored to the functions and processes of real estate
lenders and debt portfolio owners, and is designed to capture
sustainability engagement and performance metrics on a worldwide basis.
The scores of the 18 participants are based on five key sustainability
factors: Management, Policy & Disclosure, Due Diligence, Monitoring and
Opportunities.

UBS Asset Management

UBS Asset Management is a large-scale asset manager, with around 3,5001
employees located in 22 countries. We offer investment capabilities and
investment styles across all major traditional and alternative asset
classes.

Invested assets totaled CHF 633 billion (EUR 584 billion, GBP 487
billion, USD 647 billion) as at 30 June 2016. We are a leading fund
house in Europe, the third largest international asset manager in Asia,
the largest mutual fund manager in Switzerland2 and one of
the largest fund of hedge funds and real estate investment managers in
the world.

UBS Asset Management's Global Real Estate business actively manages real
estate investments of approximately USD 78.4 billion3
globally and regionally within Asia Pacific, Europe and the US, across
the major real estate sectors, making it one of the largest real estate
managers worldwide. Its capabilities are focused on core and value-added
strategies, but also include other strategies across the risk / return
spectrum. These are offered on a global, regional and country basis and
through open- and closed-end private funds, REIT's, customized
investment structures, multi-manager funds, individually managed
accounts and real estate securities.

This material is provided for information only and is not marketing.
Issued by UBS Asset Management (UK) Ltd. Authorised and regulated by the
Financial Conduct Authority.